Valuation ofGoods

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..... Dear Sir, We are a mfg co, one of our supplier supplies goods to us. He is a manfacturer of goods say for Wall Putty and supply goods to us as per our requirement under our Brand name.So when he is supplying goods to one of our Depot So whether he has to follow rule 7 of Valuation under section 4 of Transaction value,Please explain,please give us any reference regarding this.thanks and regards. .....

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..... - Reply By Naveed S - The Reply = Sir, In your case, rule 7 of valuation rules shall come into picture in both the cases, that is, for sale of goods either by yourself to your depots or directly by the supplier to your depots. - Reply By SANDESH SHINDE - The Reply = Dear Naveed Sir, If that Supplier supply goods to us on principal to principal basis he is not related persons nor job wor .....

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..... ker than also he has to follow rule 7 of valuation under section 4 , please explain , pls give us any reference regarding this, thanks and regards - Reply By Naveed S - The Reply = Sir, If the query relates only for supply of the Branded goods by the supplier to your depots, then rule 7 shall not be attracted on the supplier. However, the procedure does not seem to be proper and legal. .....

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..... - Valuation ofGoods - Query Started By: - SANDESH SHINDE Dated:- 18-2-2015 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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